Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing economic jitters.

Gold = $1,716/ounce
Platinum = $1,720/ounce
Last time I saw gold and platinum this close was back in 2008 around crash time. At that time, gold was more expensive then platinum for a while. This is an interesting situation. One of these metals is going to have to move up or down I think. I think platinum will have to go up.

After Friday’s downgrade he did Nothing, ABSOLUTELY NOTHING AT ALL to calm the markets ahead of the Monday Open, while his media minions were trying to provide cover by saying “This means nothing, it isn’t important!” all weekend.

Sadly, I think that bubble up about an hour before the close was Treasury pumping billions of printed-up dollars in to support Obama after his ridiculous speech. Just more for our grandkids to pay off in slave labor.

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